Degenerating Crypto ( Ξ,⚖️)

☠️ Degen - Skin in The Game
🧭 Crypto Speculator
🗺️ Alpha Hunter

[Puffer Finance 🐡 @puffer_finance]

Quick, Puffy needs you!

Carrots have invaded our Ethereum waters, posing a threat to its decentralization. But no sweat – Puffy’s got this, munching on those carrots like a champ! 🐡🥕

Yes, Puffy's Crunchy Carrot Quest starts... TODAY!

Find out more here👇

[Tabi 💢 @TabiVibe]

🧜🏻‍♀️ 𝗧𝗛𝗘 𝗠𝗘𝗥𝗠𝗔𝗜𝗗𝗦 𝗘𝗩𝗘𝗡𝗧 𝗜𝗦 𝗡𝗢𝗪 𝗟𝗜𝗩𝗘 🧜🏻‍♀️

📣Ahoy, brave sailors! If the Mermaid calls upon you to fulfill her wish, what will you do?

👉Enter to receive #Rewards :https://t.co/pjNHRMOkWy

🎳More details:
https://t.co/1e8RcAhBRc

[Degenerating Crypto ( Ξ,⚖️) @degenincrypto]

https://t.co/gDljcF0vBw

[Tabi 💢 @TabiVibe]

Tabi 🤝 Cosmos ⚛️ EVM

[Tabi 💢 @TabiVibe]

Tabi 🤝 Cosmos ⚛️ EVM

[Zoomer Oracle @ZoomerOracle]

1/ For a very long time, I’ve been thinking about making this thread. After being asked by many to explain my strategies in crypto, I want to highlight my most profitable way. The art of longing cults.

[arndxt @arndxt_xo]

The most promising sale for the year.

🚀 @Vaultkaofficial $VKA public sale is now live.

You got till 19 Oct, 12pm UTC for this.

[Lookonchain @lookonchain]

vitalik.eth received 14.93M $USDC from #Kanro 4 days ago and then deposited it into #Gemini yesterday before the first surge of $BTC.

#Vitalik also deposited 500K $USDC into #Coinbase 2 days ago.

What did he do with the $USDC?

https://t.co/o3u5JjjapU
https://t.co/Z69WG0xuNP

[Defi_Mochi @defi_mochi]

State of LST-fi (October 2023)
-------------------------------------

Eth staked: 23% ($17.51B of $186B)
LSTs used in LST-fi : 4.1% ($724m of $17.51B)
Potential growth of sector: 257x

The LST-fi landscape has changed dramatically over the past 2 months with new competitors @PrismaFi and @eigencloud launching on ETH mainnet.

This pushes a new primitive into the LST-fi sector with current categories of LST-fi being:
1. $ETH restaking @eigencloud )
2. LST-fi CDP (e.g. @LybraFinance )
3. Yield trading (e.g. @pendle_fi )
4. Yield aggregators
5. Instant yield (e.g. @Flashstake )

Observations

While overall TVL growth on a protocol basis in the past month has slowed, the sector still grew by $200m in the past month due to new market entrants.

@eigencloud has captured 28.7% market share in just 4 months solidfying the $ETH restaking narrative. Based on its last raise at a 500m valuation this puts @eigencloud at 2.5x TVL

@LybraFInance V2 has continued to dominate the LST-fi Market with over $200m TVL a significant step ahead of competitors @raft_fi and @prisma_fi

$crvUSD has experienced sustained growth in attracting LST-fi TVL with strong support from @CurveFinance 's ecosystem.

Despite @unsheth_xyz 's fundraise they fell short due to poor tokenomics and incentives. We see a similar situation with @mavprotocol and @raft_fi where a lacklustre airdrop and poor token incentives ultimately led to loss of TVL despite the initial airdrop / LST narrative hype.

In terms of LST-fi, CDPs a steep drop in @raft_fi 's $R stablecoin dominance to barely 6.8% TVL can be observed throughout the month of September with the launch of Lybra V2 and Prisma fi.

@prisma_fi has maintained 17.8% market share in this sector (due to it's cap) while Lybra has dominated with $eUSD and $peUSD controlling over 64% of all LST-fi CDP market share.

Takeaways:
- Lybra V2 tokenomics and launch has proven successful in promoting usage of $eUSD and $peUSD across @arbitrum

- @raft_fi has suffered TVL loss due to a lacklustre airdrop and support for $R

- There continues to be sustained strong interest for $mkUSD and $GRAI (Going to observe their token launch and tokenomics)

Data can be found at:
https://t.co/fzGOt6wIx7

[Pendle @pendle_fi]

Give your wallets a check.

If you see ETH, LSDs or stables lazing in there, you're not making full use of them.

Here are some pool on Pendle that can help whip your assets into shape:

🔹 The Kyber axl.wstETH-wstETH finally brings zero impermanent loss, LSD stableswap pools to Pendle @Arbitrum. Make your LSDs work doubly hard on both Kyber + Pendle and get up to 34.8% APY.
🔹 USD stablepools, RWA and naked LSD pools on Pendle still offers some of the best yields (double-digit APYs) you can get in #DeFi
🔹 mPENDLE remains one of the highest yielding pools at 98% APY

Put your coins to work at https://t.co/gJVxBpnt95

[Tindorr 🌯 @0xTindorr]

Here is how you become EXIT LIQUIDITY 🩸.

🏁 You check the top gainers on Binance.

Then, you spot a small-cap token with a pumped price without any reason.

In this case, it's $UFT.

💭 You thought it was consolidating, so you decided to buy some.

🤡 Here is what you didn't know & what happened.

DWF Labs, a well-known pump-and-dump market maker, recently received 1M $UFT ($224.9K) from the UniLend Finance address.

Their typical strategy involves purchasing a significant number of tokens through OTC deals at a substantial discount.

This approach helps small projects extend their runway.

Due to their low trading activity, they can more easily manipulate the price and create artificial inflation.

Upon receiving the token (the red star in the chart), they started artificially inflating the price to entice more people to participate in this situation.

These people are mostly normies who FOMO and buy the pumped assets.

This is how you become EXIT LIQUIDITY.

And now that you've learned, DO NOT be a normie and participate in this shitshow.

[ApeX Protocol @OfficialApeXdex]

🧐Liquid Staking - the next crypto narrative?

🚀Right in the middle of all the buzz about liquid staking tokens (LST), we're excited to introduce a fresh trading pair!

🗃 Welcome @LybraFinance's LST on ApeX!

📈 Trade $LBR-USD with up to 15x leverage on #ApeXPro👇

[Celestia @celestia]

Initiating Genesis Drop

https://t.co/jd6OwoNktc

[Arkham @arkham]

Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain.

This makes Coinbase the largest Bitcoin entity in the world on Arkham, with almost 5% of all BTC in existence - about as much as Satoshi Nakamoto.

[Paolo Ardoino 🤖 @paoloardoino]

The person that WSJ cites in its article is not a Tether spokeperson nor works at Tether, as that person repeatedly said in her correspondence with the tabloid. Pure bullies. Not unexpected from them tho.

Bloomberg as always publishes articles based on unconfirmed information - heard from a friend that was using a bathroom stall nearby, who told a guy that heard a story about Tether being too cool for them to admit.

For them it's too hard to admit and accept that Tether, having excess reserves exceeding 3.3B USD, and being on track to a profit 4B USD per year, is in fact reducing the exposure to secured loans.
As promised, Tether is still committed to continue until secured loans are removed from the reserves.
But since none of their friends would ever make (or have ever made) any responsible moves, they probably can't understand it.

[Degenerating Crypto ( Ξ,⚖️) @degenincrypto]

@dontbuytops @LybraFinance https://t.co/mw0QVPoThV

[Bitcoin Archive @BitcoinArchive]

NEW: 🇺🇸 Bill to ban a Federal Reserve issued CBDC has been passed by the Financial Services Committee.

[Linear Finance @LinearFinance]

🗣️Urgent Update Re $LUSD 📢

The Linear stable coin $LUSD appears to be under an exploit attack. While the team investigates, DO NOT BUY LUSD, DO NOT TRADE $LUSD

Liquidations are paused and users accounts are not at risk.

Further updates will follow.